Wednesday, March 30, 2016

Spotify Expected to Sign $1 Billion Financing Deal - The New York Times

Streaming money

"Spotify is about to close on a $1 billion deal that would double the amount of financing the music-streaming company has raised since its founding a decade ago, people briefed on the matter said Tuesday.

The money comes in the form of convertible debt, which allows Spotify’s investors to change their securities into equity at a future date, said the people, who spoke on the condition of anonymity because the deal was not yet public."